March 15 2011

Local Business Leaders Launch Chattanooga Renaissance Fund

A group of Chattanooga business leaders have launched a formalized angel capital fund aimed at encouraging local entrepreneurship and fueling economic growth. The Chattanooga Renaissance Fund (CRF) will provide entrepreneurs with access to capital investment as well as mentorship from the groupʼs advisory board and limited partners. The Fund’s limited partners represent a group of business executives from a variety of sectors that are committed to helping entrepreneurs grow their business.

The angel capital fund has raised over $3 million from dozens of Chattanooga area investors and six general partners, who will be tasked with managing the investments and overseeing the vetting process. In addition to Mr. Brock and Mr. Belitz, CRF is led by Stephen Culp, founder of Smart Furniture and Delegator, Inc., Roddy Bailey, partner at Miller & Martin, Jack Studer, a local venture capitalist and transportation executive Miller Welborn.

Read more